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FINANCIAL NEWS
Bank Muscat’s Meethaq to issue OMR25mn Sukuk
17 May 2017
(MENAFN) Bank Muscat’s Meethaq Islamic Banking will open its maiden sukuk offer on May 21, which will issue OMR25mn, a part of a larger OMR100mn Meethaq Sukuk or Islamic debt program.
Moreover, the issue will close for subscription on June 1, while the first issue has a green option for a further OMR25mn, in case of oversubscription.
Additionally, each sukuk instrument has a value of OMR1 per certificate and the minimum subscription will be fore 1.000 certificates and multiples of 100 certificates.
Meanwhile, the allocation will be proclaimed on June 18, which will be trialed by a refund and allotment on June 19.
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